Markets reaction- post-Non Farm payroll

May 05, 2023 15:34 pm UTC| Technicals

The US economy added 253000 nonfarm payrolls in Apr, well above the estimated 181000. The unemployment rate dropped to 3.40%, the lowest level since May 1969. Average hourly earnings rose to 4.4% from 4.2%. Global...

FxWirePro- Top altcoins for the day (Strength index) (RPLUSD)

May 05, 2023 10:39 am UTC| Technicals Digital Currency

Pair Value Recommendation UMAUSD 404.20 Strong Buy Trends and levels to watch Pair Short-term trend Long term trend Major resistance Major...

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (NZDUSD and NZDUSD) for the day)

May 05, 2023 10:18 am UTC| Technicals

Pair Value Recommendation NZDUSD 319.45 Strong Buy EURGBP -403.81 Buy NZDUSD Major resistance- 0.6320 Near-term support- 0.6260 Trend reversal...

FxWirePro- EURUSD Daily Outlook

May 05, 2023 08:14 am UTC| Technicals

Ichimoku analysis (4-hour chart) Tenken-Sen- 1.10390 Kijun-Sen- 1.10169 EURUSD pared most of its gains after the ECB policy. The central bank hiked rates by 25 bpbs to 3.75%, as expected. ECB...

FxWirePro- GBPJPY Daily Outlook

May 05, 2023 07:36 am UTC| Technicals

GBPJPY showed a nice pullback from the minor bottom of 168.05 on the strong Pound sterling. It hits an intraday high of 169.38 and is currently trading around 169.276. GBPUSD- Trend- Bullish The pound sterling...

FxWirePro- Gold Daily Outlook

May 05, 2023 05:07 am UTC| Technicals

Ichimoku Analysis (4-Hour chart) Tenken-Sen- $2046.68 Kijun-Sen- $2029.30 Gold prices showed a minor sell-off after hitting a lifetime high of $2081. The yellow metal gained momentum after the dovish Fed...

FxWirePro: GBP/AUD downside pressure builds, key support level in focus

May 04, 2023 23:28 pm UTC| Technicals

GBP/AUD declined on Thursday as the pair attracted seller after European Central Bank raised rates and signalled the need for more tightening . The ECB, the central bank for the 20 countries that share the euro...